No initiatives to increase vehicle registration and insurance prices

"If there is a negative trend of a general increase in all prices, including fuel, we can expect that in a longer period there will be a correction in the price of insurance and registration itself, but for now there is no initiative," said Šaban

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Disclaimer: The translations are mostly done through AI translator and might not be 100% accurate.

In the near future, it is not expected that there will be an increase in the price of insurance and vehicle registration.

This was said by Boris Šaban, from the Bureau of National Insurers of Montenegro, in Colors of the Morning on TV Vijesti.

He states that when the insurance price is formed, a longer, multi-year time period is observed.

"So in the short term, we cannot talk about a sudden price increase. If there is a negative trend of a general increase in all prices, including fuel, we can expect that in a longer period there will be a correction in the price of insurance and registration itself, but for now there is no initiative," Saban said.

What influences insurance prices, he says, is the number of claims, the amount of claims reported during the year.

"Insurance is formed using a special methodology, insurance prices and procedures are not that simple. A multi-year period is observed and then conclusions are drawn based on that. Strong insurance companies individually form prices. We have a stable level," said Šaban.

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